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NEWS
The World Trade Organization has announced that Indonesia has notified its Committee on Safeguards that it initiated a safeguard investigation on tarpaulins made from plastic and synthetic fibres. Interested parties are able to submit written requests by 3 October 2024.
PRACTICE NOTES
NOTE—to see whether notification thresholds in Indonesia and throughout the world are met, see further: Where to Notify. 1. Have there been any recent developments regarding the Indonesian merger control regime and are any updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Indonesia? The Commission for the Supervision of Business Competition (KPPU) introduced a new merger control regulation through the KPPU Regulation No. 3 of 2023 on the Assessment of Mergers, Consolidations, or Acquisitions of Shares and/or Assets that May Result Monopolistic Practices and/or Unfair Business Competition (2023 Merger Regulation). The 2023 Merger Regulation officially came into effect on 31 March 2023 and revoked the previous 2019 merger regulation. It sets out few notable changes on the Indonesian merger control landscape. These are set out below. Mandatory notification criteria • the 2023 Merger Regulation has amended the previous worldwide asset threshold to an Indonesian asset threshold. As such, the relevant assets to be considered in the calculation of the asset value threshold in any transaction is limited to assets located
NEWS
Indonesia has opened a safeguard investigation on 9 September 2024, on polyethylene containing 5% or less alpha-olefin monomers in other than liquid or paste form, and has notified the World Trade Organization Committee on Safeguards about this investigation. Anyone with a substantial interest that wants to be considered as an interested party in the investigation should submit a written request within 15 days in Indonesia from the date of initiation to the Investigating Authority.
NEWS
A World Trade Organization (WTO) dispute has been raised by Indonesia against the EU through a request for consultation, on the EU’s imposition of definitive anti-dumping duties on imports of fatty acids from Indonesia. Indonesia claims that the EU’s measures are inconsistent with the WTO’s Anti-Dumping Agreement and the General Agreement on Tariffs and Trade (GATT) 1994.
PRACTICE NOTES
This Practice Note is part of a multi-jurisdictional guide addressing essential aspects of forming specific business entities in global jurisdictions. Leading law firms in the Multilaw global law firm network answer key questions on this topic. This guide discusses key considerations when forming a limited liability company (LLC) in Indonesia. Current as of 13 January 2023. Author: Arie Armand and Benny Handoko, Armand Yapsunto Muharamsyah & Partners, a Multilaw member firm Common entities 1. What form of entity is the subject of this questionnaire? What other forms of entities are commonly used in this jurisdiction and are the subject of another questionnaire response? The subject of this response is the limited liability company – Perseroan Terbatas (PT). 2. Identify other types of entities in your jurisdiction that exist but will not be the subject of a questionnaire response at this time • Foundation – Yayasan • Cooperative partnerships – Koperasi • Limited partnership – Persekutuan komanditer (commanditaire vennootschap – CV) • General partnership – Firma (Venootschap onder firma) • Civil partnership – Persekutuan Perdata (Maatschap) • Foreign company representative office – Kantor Perwakilan Perusahaan Asing (KPPA) • Foreign
GLOSSARY
See fee'>break fee and offer-related arrangement.
GLOSSARY
A letter used where the services of an actor are being acquired pursuant to a contractual arrangement between a production company and a loan-out company which has the right to make the services of the actor available (in the loan-out agreement). Contractually, if the actor doesn’t fulfil their obligations, the production company can only sue the loan-out company. In signing the inducement letter, the actor shows that they are aware of and understand the main agreement.
NEWS
MLex: EU countries look set to continue to allow financial services providers to give financial incentives for advisers selling their products to clients under certain conditions, according to a document seen by MLex.
NEWS
Commercial analysis: Mohamed Sacranie of Allen & Overy considers whether a parent company is liable if it restructures its operations and a now disused subsidiary is prevented from meeting its own contractual obligations after the Court of Appeal held in Kawasaki Kisen Kaisha Ltd v James Kemball Ltd [2021] EWCA Civ 33 that the parent neither induced nor intended its subsidiary’s breach and reaffirmed this economic tort’s restricted scope.
GLOSSARY
Sometimes known as magnetic coupling, it is the principle by which a coil within a hearing aid picks up audio frequencies by means of the magnetic field generated by telephone handsets, loudspeakers or other similar equipment (eg inductive loops).
NEWS
The Advocate General's opinion (currently available in French) has been issued in Industria de Diseño Textil SA (Inditex) v Buongiorno Myalert SA.
GLOSSARY
In January 2017 BEIS published a Green Paper: Building our Industrial Strategy. The broad objective of the industrial strategy is to improve living standards and economic growth by increasing productivity and driving growth across the whole country. The strategy identifies the following 10 key pillars: (a) Science (b) Research and innovation (c) Skills (d) Infrastructure (e) Business growth and investment (f) Procurement (g) Trade and investment (h) Affordable energy (i) Sectoral policies (j) Driving growth across the whole country (k) Creating the right institutions to bring together sectors and places. On 7 December 2017 the Nuclear Industry Council published its proposals for a nuclear sector deal focussing on how working with the UK Government, substantial cost reduction could be achieved across the UK's new build and decommissioning programmes.